A long-term capital outflow is recorded in the balance of payment as a

Assessment: JAMB UTME - Economics - 2005 Subject: Economics

Question 1 Report

A long-term capital outflow is recorded in the balance of payment as a
Answer Details
A long-term capital outflow is recorded in the balance of payment as a "debit on the capital account". This is because a capital outflow represents an outflow of domestic assets (such as investments or loans) to foreign entities. As a result, it leads to a reduction in the domestic capital stock, and is therefore recorded as a debit (or negative) entry on the capital account of the balance of payments.
Read lesson note on Economic Integration (WAEC)
Read lesson note on International Trade And Balance Of Payments (WAEC)
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